Compared to Homeowner Opinions, Appraisals Come in Just Shy

Appraisals came in 0.29 percent shy of what homeowners perceived in terms of value, according to the Quicken Loans National Home Price Perception (HPPI). Appraised home values rose 5.69 percent year-over-year, according to the Quicken Loans National Home Value Index (HVI).“A wide gap between the estimated home value and the appraised value can cause a mortgage to be reworked, or, in some cases, scrapped altogether,” says Bill Banfield, executive vice president of Capital Markets at Q